On the Senate floor yesterday, Sen. Orrin Hatch (R-UT) suggested raising taxes on the poor and the middle class:
Well, Bastiat, the great economist of the past said, the place where you’ve got to get revenues has to come from the middle class. That’s the huge number of people that are there. So the system does need to be revamped. As far as, I think I made the point that if you just go with what the president says about the wealthy, you might get $36 billion compared to the $1.5 trillion expenditure this year, or should I say deficit this year. And the problem with that is that you hit about 800,000 small businesses where the jobs are created that would hopefully get enough people to pay taxes. So, yeah, we have an unbalanced tax code that we’ve got to change.
I tell you, if we get control of that committee, the Finance Committee, I intend to see that it’s changed. Not to hurt the poor. We should help the poor. But to make sure that there’s a civic duty on the part of every one of us to help this government to, uh, to be better.
Think Progress, emphasis mine:
In an effort to fend off Democratic budgetary proposals that include higher tax rates on the rich and corporations, Congressional Republicans are dusting off one of their favorite talking points: that America’s debt and deficits are caused entirely by spending and not at all by decreasing revenue streams. Senate Minority Leader Mitch McConnell (R-KY) made the argument on the Senate floor yesterday, saying: “We all know that raising taxes would stall the rebound we all claim to want. Let’s just admit we don’t have a revenue problem. We have a spending problem.”
